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NXG - *SOLD*

By: Decomposed in ROUND | Recommend this post (0)
Mon, 18 Jul 11 6:08 PM | 40 view(s)
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Msg. 33959 of 45644
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I am partway through selling my remaining NXG shares, a 5.4x "standard" position, for $3.23/share. I assume the rest of the order will go through soon, but if it doesn't, I'll post something to that effect later on.

NXG was a nickel higher this morning, but I've never been great at picking tops. Perhaps it will surge into the $3.40s again, as it did briefly last fall.

In any case, I am not happy about Northgate's merger with Primera, despite Motley Fool's rave review. IMO, the deal was entirely too favorable to Primera, and I don't like the baggage NXG will now be carrying.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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